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onure — About credit rating agencies
Published: 2010-05-06 01:21:21 +0000 UTC; Views: 2272; Favourites: 16; Downloads: 4
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...the elegant way of using ABC-weapons to wreck states...Full scalable vector work, no raster effects. Gradient mesh & transparency layers were used. Texture taken from *HumanNature84
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Edit I: First Greece, second Ireland and now they are destroying Portugal. Those agencies are like cancer, and the perfect proof that the current economic system is CRAZY!
Edit II: During the riots in Egypt, the agency assholes downgraded the credibility of Egypt to Ba2 (source: SPIEGEL January, 31st, 2011)…that's how Market Economy functions.
Edit III Bitch Ratings has downgraded Libya from BBB to BB. Hey Libyans, Market Economy lets you know: Riots are not good for business! (March, 2nd, 2011)
Edit IV: Moody's has downgraded Greece again no matter how strong the cost cutting program of the government is (March, 7th, 2011)
Edit V: (March, 10th, 2011) Moody's starts to fuck around with Spain by downgrading its credibility.
Edit VI: I guess it's just a matter of time when they will attack Japan…
Edit VII: (May, 6th, 2011) Bastard & Poors has downgraded Greece again. Happy Birthday Downgrade! (Have a look at the submission date of this deviation.)
Edit VIII: (June, 14th, 2011)…Greece…again and again and again…
Edit IX: (August, 2011) bye bye Japan
Edit X: (August 2011) WOW! Bastard & Poors starts to fuck around with the United States of America!
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Comments: 26
Thanks for the useful information. I've been seeking for the best credit institution and find out that it is important to understand credit score to avoid credit risk. Apparently, the most recent form of the VantageScore credit rating design, VantageScore 3.0, created by the three major credit reporting agencies, Experian, Equifax and TransUnion will raise the credit scores of many Americans. It will even allow millions with restricted credit histories access to loans they would previously not have qualified for.
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It's how a command economy functions when it's a fascist market... a free market would have independent rating agencies... it's an important point of distinction.
Totally agree about the bullshit though. Great graphic too.
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I versteh das irgendwie nich... Magste mal erklären?
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Zusatz: Wenn Du auf YouTube "Credit Default Swaps" eingibst, kommen eine ganze Reihe von lustig und schlüssig erklärten Animationen unter Anderem zu dem Thema Rating Agenturen (in englischer Sprache). Wenn Du Dir die wunderschönen Ekelhaftigkeiten unserer feucht-fröhlichen Marktwirtschaft aber auf Deutsch erklären lassen möchtest, dann empfehle ich Dir den Gegenstandpunkt (politische Vierteljahreszeitschrift).
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Oh ok, vielen Dank!
...wie schön, dass ich noch 700 Seiten von meinem Wirtschaftssoziologie-Kurs nachzuarbeiten habe. Vlt. find ich durch das Thema ja jetzt nen direkten Bezug und somit Motivation zum Einstieg.
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Klar: Rating Agenturen sind Unternehmen, die die Kreditwürdigkeit von Finanzinstituten und auch von Staaten nach ihrer Attraktivität für Anlagemöglichkeiten für potenzielle Anleger "überprüfen" und das Ergebnis ihrer "Überprüfungen" in den ersten Buchstaben des lateinischen Alphabetes ausdrücken, sodass sich jeder potenzielle Anleger sich ein Bild darüber machen kann, ob er der Glaubwürdigkeit der angebotenen Papiere von einem "überprüften" Finanzinstitut trauen soll, oder nicht. Dasselbe gilt auch für von Staaten emittierte Staatsanleihen. Die Worte, die mit überprüfen zu tun haben, habe ich deshalb in Anführungsstriche gesetzt, weil es nicht klar ist, nach welchen Kriterien diese Rating Agenturen in ihren "Überprüfungen" vorgehen.
Wenn sich eine Rating Agentur wie Moody's, Standard & Poors oder Fitch Ratings (das sind die nach der Kenntnis der hiesigen Medienlandschaft bekanntesten) nun entschließt, die Glaubwürdigkeit eines Staates herabzustufen nach dem oben erwähnten "Buchstabensystem", dann schrecken die verfluchten Drecksanleger zurück, die Staaten werden ihre Drecksstaatsanleihen nur zu einem höheren Zins los, also kriegen kommen sie im Gegenzug schwieriger an Geld heran, also das, was mit Griechenland letztes Jahr passiert ist. Alles in Allem ein riesen (mit Verlaub) Gewichse, die ein weiteres Mal zeigt, das diese Wirtschaftsweise einfach für den Arsch ist und man sich nicht nach den Meinungsmachern der hiesigen Medienlandschaft richten sollte. Ich hoffe, ich konnte Dir das einigermaßen anschaulich erklären. Für weitere Infos, schau einfach mal bei Wikipedia nach.
P.S.: Deine Anarchistentorte sieht echt lecker aus.
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Ah ok, vielen Dank für diese schnelle und sehr ausführliche Antwort! Was du beschreibst ist halt das, wie ich den Kapitalismus und die Globalisierung empfinde: Staaten/ Nationen fungieren als reine Wirtschaftsunternehmen. Also... Ja, was du beschreibst find ich zu 100% passend. Ok, wenn es ne reine Beschreibung der Ist-Verhältnisse ist, ist es ja nunmal auch so. Werd mich da mal in nächster Zeit mehr mit befassen... Also danke für diesen Denkanstoß! Musste bei der "Überprüfung" übrigens auch daran denken, wie ich selber in nem Betrieb arbeitete und potentielle Geschäftspartner bei der creditreform angefragt habe [bzgl. Bonität, Jahresumsätze, ggf. Schulden...]. Schon alles sehr bedenklich und ethisch auf jeden Fall mehr als fragwürdig. Gewichse halt.
Was ich da aber noch nicht ganz verstanden habe - wie und wo spielen die Medien da direkt rein?
Und danke für das Tortenkompliment! War auch sehr lecker und gar nicht mal schwer zu basteln.
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Ich muss mich korrigieren: So geheim und obskur ist das mit den Überprüfungen in den meisten Fällen nicht, wie ich es bei meiner ersten Antwort angedeutet habe. Selbstverständlich ist es so, dass bei diesen "Überprüfungen" eben die Kriterien eine Rolle spielen, die auch Du bei Deiner Tätigkeit in Betracht ziehen musstest: [bzgl. Bonität, Jahresumsätze, ggf. Schulden...]. Es gab nur einige gravierende Fälle, die die Glaubwürdigkeit der Rating Agenturen bei ihrer "Überprüfung" der Glaubwürdigkeit von Finanzinstituten ins negative Licht gerückt haben. Insofern habe ich bei meiner ersten Antwort von "Überprüfungen nach unbekannten Kriterien" geschrieben. Wie auch immer, ich bin froh, dass ich es einigermaßen verständlich habe rüberbringen können.
Zu Deiner Frage bezüglich Medien:
Das hätte ich auch weglassen können. Mich stört bloß die ewig affirmative Berichterstattung zu diesem ganzen kapitalistischen Zirkus. Wenn zum Beispiel der SPIEGEL (die Pisser setzen sich ja auch immer in Großbuchstaben) über diesen Zirkus berichtet, dann tut er immer so, als ginge es nicht anders. Der zweite Grund für meine Verachtung der Medien: Die Bildzeitung hat ja bei ihrer vollkommen faschistoiden Berichterstattung, die ja bis zur ekelhaften Verunglimpfung der Griechen geführt hat, einen Orgasmus nach dem nächsten bekommen. Und die Manövriermasse Leser hat dabei geschrieen: "Halleluja!"…soviel zu der gleichgeschalteten Medienlandschaft…
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there is a global plan and hope dont work!they make us to sold the country..
they take from people their life slow..sad things my friend all over the world..
its better the nature destroy us cause its worst if we do it by ourselfs..
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What do you mean by "global plan"? Capitalism? If you mean something else, I'd like to know more about it if you don't mind.
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all the economic systems are falling down..i think that US and Europe want to make a strong relashionship to brink the new world currency ΑΜΕRΟ.. Divide and conquer!
they want all the nations to be controled from one maybe against Russia or China?..
tell me your opinion please, i am very suspicious and for us..did you see the change to our relashionships at this month?in the game was Germany, we Greece, US, you Turkey and Cyprous and remember the Revolution of Tunisia, Egypt and now the greekturkey people i heard against your country..strange things..
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I've looked in Wikipedia for AMERO, there it says that it is a currency which may be a currency of NAFTA (USA, Canada, Mexico) and that they do not admit that they are planning to shift to that currency.
However, you asked me for my opinion:
I am suspicious concerning states and the monetary system at all. The events which took place in Greece last year shows, that there is a weird interdependency between states and financial "industry": On the one hand, credit institutions depend on the money, states are issuing, on the other hand, states can be wrecked down by investors such as credit institutions who depend on the money which gets a value by sovereignty of states. That is crazy from a sensible point of view but normality in Market Economy.
Another thing we could have learned from the last year, is, that states, even members in a community of states (like EU), are always looking for ways to profit from each other, even if it would be more sensible to help each other, but also: normality in Market Economy.
You should have seen the bad press and the ugly words they have used in media about Greece. It was disgusting, but states function this way and the worst thing is: the majority of people affirm this type of "social intercourse".
Conclusion: As long as people let themselve use as human material of their states, they should not be surprised about weird things which effect themselve.
I hope, it wasn't too long
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it seems long but its
i am very happy for this talk, cause we all have one opinion
and its nice to share it, we learn things that sometimes cant
learn from history..
I remember all the things about Gr, even magazine Focus.!. its a shame to speak for a country like this..and thats ok for me cause the people if knows history
can make his conclutions. I am sad more, cause at these times People Of Art should be united and have no flags to their wallet..but they dont do anything,they dont protest to all these..just they sold their art and thats ok..where are all these people my dear friend to have a voice?! thats more sad for me cause in the wars we know art and knowledge was together and work together for the good of humanity.But now they work for the good of their wallet and this is not the art that we know..so people change and people deserve this..!?we changed my friend..i hope this can help us to be more animals, its better to care for our food than for power and money..cause in a little while food will served inside tv shows and tvbrains..
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The weird thing between the relationship of art & voice is that as soon as you achieve to make your voice heard, your art will be marketed, you become a so-called "trendsetter", you go pop, make money and that's it. But if you don't achieve to make your voice heard, nobody cares about your art or your opinion anyway. Art which achieves to make its voice heard is art which affirms this system, otherwise, it couldn't gain attention. Even if you make some antagonist underground stuff, if that is what trend & market analysts are looking for, you go pop.
That's why I don't take political artworks too serious. You may have noticed that I like dealing with political or economic issues in my graphics (sPraying revolution is a great group by the way), but unfortunately, I don't think that one can gain attention by publishing any type of artform. Instead, we should be more serious analyzing our environment, political and economic issues, throw away our TV make up our own mind and stop voting and start to show a big fat middlefinger to all that Erdogan, Merkel & Papandreou guys.
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you are so right
lets try to make a difference..
Papandreou, Markel & Erdogan they dont have to tell us nothing..
they are just popular and no bythemselfs but from their family tree..
we need people like us to fix this mess..
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I have edited this deviation after reading the article in SPIEGEL of January, 31st 2011. It deals with the credibility of Egypt rated by those damned agencies…
You said: we need people like us to fix this mess… Exactly! We have to find a way of publishing our stuff to a larger public and giving access to them to use our graphics or anything like that. DA is a great place, but it is a place only for artists, you can not make your voice heard by publishing some stuff on dA. What do you think?
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yeah but which way is this?
cause first of all i am an artist and this make me think
that art is my place, but we need to fix a place out of here
to unite our voices?..and how..make a site?what we can do?
i am in but how many we are..
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I so much fucking agree!
Also to add they even betray the investors who trust in them... not that they don't deserve it...
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...and they are still treated like oracles by states, companies & investors 
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I'm afraid I don't understand. This is really well-put together, just the same.
Merlin
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Hi,
Credit Rating Agnecies are institutions, which rate the credibility of companies & states, so that potential investors & credit institutions can decide whether they want to buy some stocks of the companies rated by the agencies or government loans from states. One of the most famous victims of those agencies: Greece.
For further information, check out wikipedia.
I know, it's a little bit weird to make some designs about Credit Rating Agencies. But maybe you can understand it better, after you have read about the functions and what exactly those agencies deal with.
Thanks & bye
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